If your market won’t appreciate you obviously need way more than the 5% you can get in the bank with no risk.

You have no case.If the lien was bc seller has a brother on title who won't sign off then you're owed your EMD back.

Mortgage notes at 12% with no headaches are the way to go.

In the unfortunate event someone passes away and the property transfers via probate or a will, that fair market price gets "stepped up" so no taxes are paid.I would check with a CPA, but this is my understanding.

Website shows up as not protected domain - and no longer in existence that should say enough 

No way to know yet. 

@Will Greenlee there is no perfect PM software, unfortunately.We use one of the most flexible, but it has a long learning curve and we'd still like to see many improvements.

I have about $300k in equity (based on a BPO performed in July 2023) but no cash.

You have NO leverage, no matter what he builds or does not build, except for the developer saving some money in legal fees and cutting down on mesne profits damages.

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.